I’m a new investor looking to house hack my first property within the next year.

I have about 170,000 in quality in my house and thought of using that but then.people say no don't do that get a loan and others say use you equity so not sure who to believe.

Purchase price: $234,900 Cash invested: $7,000 I house hack 2 bedrooms in a 4-bedroom home as Mid-Term Rentals.

And please don't comment that rates, terms, loan structure are variable.

I have a 4/2 1550sqft rental (1945 build) that I’m considering selling to potentially build two 2/1 ~700-800sqft houses.

Hey Graham, maybe you guys could look more into house hacking.

The way I've valued multifamily properties is to calculate the Net Operating Income (Gross Income - Expenses) and then divide by desired cap rate.  

I'm leaning towards selling before I need to dump a bunch of money into the property, but I'm second guessing myself because I'm sitting at a 3.25% interest rate and cash flowing close to $1,000/month before reserves. 

The average daily rate (ADR) reached $199.65, a 5.5% increase from Q4 2023, while revenue per available room (RevPAR) grew by 5.6% to $147.84.

It will depend on the size of the house, the scope of work, and the quality of materials used.